5 TRILLION DOLLAR ECONOMY
Sector-wise fundamental analysis of Indian stocks after elections
Investing in quality companies and adopting a long-term SIP approach can maximize benefits in India's growth journey towards a $10 trillion economy through essential infrastructure development.
Dollar edges higher, buoyed by monetary policy imbalance
The dollar strengthened against major currencies on positive U.S. economic data. U.S. business activity surged in June, easing inflation concerns. Dollar index rose to 105.81, erasing weekly declines. Thierry Wizman predicts continued dollar strength amid European political uncertainty.
Wall Street’s $5.5 trillion triple-witching to test market calm
This quarter’s expiration comes as implied volatility on S&P 500 options is holding near the lowest level since before the coronavirus pandemic, with the US benchmark index riding the surge in shares of Nvidia Corp. and other artificial intelligence-linked companies. The expiration coincides with index rebalancing, when S&P Dow Jones Indices shuffles company weightings and ETFs that track its gauges make similar adjustments.
By 2032, India infrastructure spending will surpass $2.5 trillion, says Adani
The Adani Group, he said, will invest over $100 billion (around ₹8.35 lakh crore) over the next decade in energy transition projects and in manufacturing every major component required for green energy generation. Adani Green Energy is building solar and wind parks. The group is also building facilities to manufacture electrolyzers to make green hydrogen, wind power turbines and solar panels.
Where does India stand in Africa’s $3 trillion opportunity?
As African nations overcome long-standing social and political misconceptions, the continent is poised to unlock its immense economic potential, offering a wealth of opportunities for strategic investors and businesses prepared to navigate this dynamic market.
For a few dollars less: The quiet demise of the petrodollar agreement
The USD hegemony is unravelling, and the global financial order is moving towards a new era led by BRICS-plus countries. Hard commodities-based blockchain-enabled digital currencies will challenge the dollar's dominance and its power dynamics through transparency and inherent strength. How this will play out in gaining legitimacy and acceptance will determine our lives over the next decade.
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Dollar stalls as market braces for CPI test, Fed outlook
The dollar steadied as market players awaited U.S. inflation data and the Federal Reserve's economic projections. The U.S. central bank's actions will impact rate cuts and economic growth prospects.
Dollar calm ahead of inflation test, Fed decision
The dollar steadied after reaching a four-week high against peer currencies as markets awaited key U.S. inflation data and the Federal Reserve's updated interest rate projections. China's economy showed signs of improvement with steady consumer inflation and narrowing producer price declines.
How I finally entered a $5 trillion money-making venture
Indrajit hazra talks about how an Allahabad Bank account-holding man-child, at last, felt plugged into the Phiroze Jeejeebhoy Towers on Dalal Street,
India's m-cap adds a trillion in 117 days
The trillion-dollar market-cap addition to $5 trillion happened in less than six months, in 117 sessions. The market value of BSE-listed companies crossed $4 trillion for the first time on Nov 29, 2023.
Rupee rises 5 paise to 83.24 against US dollar in early trade
Rupee appreciated 5 paise to 83.24 against US dollar in early trade on Friday due to robust sentiment in domestic equity markets and downward trend in crude oil prices overseas.
Rupee gains by most in 5 months on stocks, RBI dividend
The rupee rose as much as 0.3% to 83.03 against the dollar on Friday, the most since December 15, as markets reopened after being shut on Thursday.
India's market-cap crosses $5-trillion milestone
At the close of Thursday's trading, the market-cap of all BSE-listed companies stood at $5.05 trillion (or ₹420.22 lakh crore). India is the fifth country after the US, China, Japan, and Hong Kong whose market capitalisations have crossed the $5-trillion mark.
India Playbook 2024: Aiming for a trillion dollars in forex reserves by 2029
India's economic trajectory for global investments is driven by stable macroeconomic environment, robust earnings growth, and significant contributions from software services and remittances. Inclusion in MSCI EM index and prominent Emerging Market Bond indices enhances India's investment landscape.
$215 trillion to save the planet is a bargain
By 2100, the permanent loss from additional warming under a “business as usual” scenario would rise to 52%, representing trillions of dollars in economic destruction.
RBI's Rs 2.1 lakh crore payout: When it all adds up to deliver a windfall to govt
At a time when some of the central banks in the advanced world have reported losses and negative equity, RBI will hand over a dividend cheque of more than ₹2.1 lakh crore to its sole owner, the government.
India achieves $5 trillion market capitalization milestone, triples in a decade of economic progress
India's market capitalisation crossed $5 tn, tripling in a decade. Domestic ownership increased as foreign institutional ownership fell. GDP is expected to reach $5 tn in 3 years, $7 tn by 2030.
India stock market hits $5 trillion milestone fortnight ahead of Lok Sabha election results
D-Street joined the exclusive $5 trillion club for the first time ever, braving FII pullout. Investors were found to pile up on stocks in the broader market. In less than 6 months, the jump from Rs 4 trillion to Rs 5 trillion was achieved — a pace never before seen. On the global map, India is the fifth largest stock market behind only Hong Kong, Japan, China and the mother market of the US.
Gold rallies on rate cut expectations amid US economy slowdown
Spot gold rose on Friday despite US inflation data, anticipating rate cuts amid a weakening US economy. US CPI and PPI Final demand were below forecasts. US Fed Chair Powell remains optimistic about inflation. US Philadelphia Fed business outlook was below expectations. Fed officials hold varying views on rate adjustments.
Dollar set for weekly drop on US slowdown signs
It was last at $1.0861. April's annual U.S. inflation numbers met expectations but, since they were lower than the month before, they encouraged confidence that the Federal Reserve can cut interest rates in September and December - driving rallies in stocks and bonds and pressure on the dollar.
India to become USD 4 trillion economy in FY25: Sanjeev Sanyal
New Delhi, India is forecasted to achieve a USD 4 trillion economy by 2024-25, surpassing Japan to become the world's fourth largest economy, according to Economic Advisory Council to the Prime Minister member Sanjeev Sanyal. Finance Minister Nirmala Sitharaman mentioned India's potential to surpass Japan and Germany to become the third-largest economy by 2027, cautioning against hasty fiscal moves.
"India's youth luckiest to see country grow like never before", says Deepak Parekh after receiving JKLU Laureate Award
All you youngsters here, you are undisputedly the luckiest of generations, given how India is developing and being perceived by the global community," Parekh said in his address.
ETMarkets Smart Talk: Global semiconductor sector likely to reach a trillion-dollar industry by 2030: Anil Rego
Anil Rego foresees the semiconductor industry becoming a trillion-dollar sector by 2030, driven by automotive, data storage, and wireless industries. He recommends focusing on high-quality stocks in banking, auto & ancillaries, and building materials segments for incremental earnings. He also says risks are currently exogenous such as global slowdown and geopolitical uncertainty..
Interim budget: Steering towards sustainable and equitable growth
The interim budget serves as a crucial milestone in this journey, aligning with broader goals of sustainability, inclusive development, infrastructure enhancement and fiscal responsibility. It hinges on harnessing the power of women, youth, farmers and innovation for nation's development. The finance minister reminded us that the aspiration of growth must go hand in hand with having adequate financial resources and hence, opening India to more investment from the world is more important than ever for India's growth story to continue.
India Inc confident of achieving $5 trillion economy, says Deloitte in pre-Budget survey
India Inc is confident of achieving $5 trillion economy with government support in infrastructure investments, reforms, and technology adoption. Business leaders anticipate strong economic growth, with about 50% of India Inc optimistic about above 6.5% growth in FY25. Automotive, consumers and retail, technology, media, and telecommunication, and energy, resources, and industrials sectors anticipate high growth.
India could be USD 5 trillion economy by 2025: Hardeep Puri
Union Petroleum Minister Hardeep Puri stated that the Indian economy is set to reach USD 5 trillion in the next financial year (2024-25) and aims to double to USD 10 trillion by the end of this decade. Puri expressed confidence in achieving the USD 5 trillion target by 2024-25 and projected India to become a 10 trillion dollar economy by 2030.
Budget 2024: MSME expects special package from Sitharaman on February 1
MSME sector urges Finance Minister Sitharaman for special package in interim Budget 2023-24 to ensure increased access to credit at competitive rates for USD 5 trillion economy; holds importance before general elections. Sector contributes 29.15% to GDP. Focus on addressing uneven power dynamic, lack of competition, and weak grievance redressal mechanism with banks.
Govt's mission is to make India world's top automobile manufacturing hub, says Nitin Gadkari
Gadkari asked automakers to accelerate investment and expansion in alternative technologies like electric, hydrogen, flex fuel etc. to ensure they “do not miss the bus”. The manner in which automobile numbers are increasing, there’s a huge potential in the sector, he pointed out. “Till four years ago, everyone had apprehensions about EVs. That’s no longer the case,” said Gadkari. Companies that were not forthcoming enough in their decision to invest in EVs are now repenting, he said alluding to “one among the top five carmakers”.
India to be a $5 trillion economy by FY28; reach $30 trillion by 2047: FM
India is set to become the third largest economy by 2027-28, according to Finance Minister Nirmala Sitharaman. With a projected GDP of over USD 5 trillion, India's economy is expected to grow significantly in the coming years. Sitharaman also mentioned that even with conservative estimates, the Indian economy will reach USD 30 trillion by 2047.
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